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101-107 E James St,  Columbus,  WI  53925 $285,000 Sold
101-107 E James St,  Columbus,  WI  53925
$285,000
Sold
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 Property Type Business/Commercial
 Parcel # 11211-14, 11211-15,
 County Columbia
 Sub Area B05
 Municipality Columbus
 MLS# 1887253
 Listing Date 06/29/2020
 Sold Price $245,000
 Close Date 03/03/2021 12:00 AM

MLS Public Remarks  Investment Opportunity! Historic downtown Columbus. This corner site encompasses 3 buildings. Main floor commercial space is fully rented with lease terms thru 2020 and well into 2021! The upper portion of the buildings currently contains 6 apartments. With vision this unique situation could add cash flow. All units will need to be rehabbed completely, as current condition does not warrant occupancy. There are tax credit incentives on both the State and Federal level! A lot of potential with this one!
Documents and Related Links  
1) Seller Disclosure Report
2) Tax credit Incentives for Restoration of Apartment
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Columbus
  • C/T/V  City
  • Unit #  
  • Directions  Take Us 151 Towards Columbus. Take Exit 115 Turn Right Onto Hwy. 60; Follow To Property.
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  No
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  3
  • Building Gross SqFt  5,480
  • Net Leasable SqFt  5,480
  • Year Built  1890
  • Source for Year Built  Othr
  • Approx Bldg Dimen  0
  • Street Frontage  150
  • Parking Fees/Mo.  $0
  • Onsite Parking  0
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  14
  • Number of Loading Docks  0
  • Zoning  commercial
  • Est. Total Acres  0.01
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  
    • ASSESSMENT & TAXES  
  • Land Assessment  $16,500
  • Assessment Year  2019
  • Net Taxes  $2,466
  • Tax Year  2019
  • Improvements  $93,200
  • Total Assessment  $109,700
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $22,500
  • Annual Operating Exp  $0
  • Net Operating Income  $0
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 0 4/30/2021 0 $5,400 $0 $0 1,195
    2 - 01/31/2021 Yes $8,100 $0 $0 0
    3 - 8/31/2021 Yes $9,000 $0 $0 0
    Items Included 
    Items Excluded  Tenant / owner personal property.
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Poured concrete foundatn
  • Fuel  Natural gas
  • Seating Capacity  
    • EXTERIOR FEATURES  
  • Type   Apartment building, Beauty/barber, Office, Restaurant/Supper Club, Retail, Service, Wholesale
  • Exterior Treatment  
  • Building Parking  Onsite
  • Roofing  Rubber/membrane
  • Terms/Option  Land contract, Seller may assist
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Lease(s), Property Condition Report
  • Location  Business district, Corner, Near Major Highway
  • Tenant Pays  Air Conditioning, Electric, Heat, Insurance, Sewer, Snow removal, Water
  • Present Use  Living quarters, Office, Retail, Service
  • Licenses  
  • Lease Type  Mixed lease types, Month to month
  • Occupied by  
  • Sale Includes  Covenants, Lease(s)
  • Features  Display window, Inside storage, Private Restrooms, Private office(s), Reception area, Residential unit(s)



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Stark Company, Realtors